Invesco Perpetual joint heads of fixed income Paul Read and Paul Causer have handed over five of their portfolios.
Stuart Edwards and Michael Matthews will take over the Invesco Perpetual Global Bond, Fixed Interest Pension and Money funds, as well as the Invesco Global Bond and Sterling Reserve vehicles from 31 March 2010. The funds will see no change to their remit or investment style.
Causer and Read will continue to manage their £5.8bn Corporate Bond fund and the £2.8bn Monthly Income Plus mandate as well as the recently launched Tactical Bond fund.
Edwards joined the Invesco Perpetual fixed income team in January 2006 as a macro strategist, and has since been responsible for the management of the team's government bond and foreign exchange-based funds.
Meanwhile, Matthews has been lead manager of the Invesco Sterling Bond fund since 2008, which has returned 33.96% over the last five years compared with a sector average of 20.03% to 31 December 2009.
Causer says: "We have always worked together closely as a team and Michael and Stuart have been integral to the successful management of our funds.
"Paul Read and I see this move as a natural and logical progression for individuals of their calibre and experience and have complete confidence that the interests of investors continue in excellent hands."
